Of the 1,305 respondents from Sultan Kudarat, Laguna, Bulacan, Negros Occidental, Iloilo, Eastern Samar and the National Capital Region (NCR), two in three received, at most only an elementary education. The study revealed that older Filipinos have a relatively poor educational profile. In addition, 15 percent of the older person have liabilities.”Įducation. “Only 6 percent have bank accounts, 12 percent have cash, and 11 percent have real estate. Of their possessions, the senior respondents rank house as their most common asset owned. Interestingly, the most common source of major income mentioned is from work, with more men respondents aged 60 to 69, “and more of the currently married mentioned this as their most important income source.” Income from pension was only mentioned by 22 percent of older Filipino respondents which indicate a “low reliance on the formal support system in old age,” the study stated. The three most common sources of income for older Filipinos are money from children within the country, income from a family business or farm and earnings from work. About four in 10 respondents said their household income is just enough for them to pay expenses with no difficulty. The compulsory retirement age for those in government service is 65, while those in the private sector is usually at 60. Many continue to work well beyond the retirement average age. The research, considered the second nationally representative survey of older Filipinos, revealed that older Filipinos, aged 60 and above have low income and low assets. Gonzales and Yasuhiko Saito.Įconomic well-being. These were some of the findings of the research “Aging in the Philippines: Findings from the 2007 Philippine Study on Aging (PSOA)” by Grace T. They also believe that it would be best living by themselves. 22)-Older Filipinos are generally not materially well-off, not well-educated and about half consider themselves to be of average health, but have poor use of health services.
(Left to right) Cruz, Natividad and Saito (photos from UPPopI and )
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